AI-based startup GobbleCube has raised $15 million (around ₹139 crore) in its Series A funding round. The round was led by Susquehanna Venture Capital, which invested $9 million. Existing investors InfoEdge Ventures and Kae Capital also joined the round.
With this funding, GobbleCube’s valuation has reached about $68 million (₹612 crore), which is nearly 4 times higher than its earlier valuation. The company has now raised more than $20 million in total since it started in November 2022.
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Founders Give Up Majority Stake
While the funding shows strong growth, it has also reduced the founders’ ownership. Co-founders Manas Gupta, Srikumar Nair, and Nitesh Jindal have together diluted over 70% of their stake.
After the Series A round, each founder now holds about 9.34% in the company. Among investors, InfoEdge Ventures is the biggest shareholder with 18.23%, followed by Kae Capital at 16.57% and Susquehanna at 13.24%. GobbleCube has also increased its ESOP pool to 10.72% to attract and retain employees.
Rapid Growth in Quick Commerce Space
GobbleCube helps brands grow on quick-commerce platforms like Blinkit, Zepto, and Swiggy Instamart. Its platform uses AI to study local data and give useful suggestions to improve sales, pricing, and stock availability.
The company has grown very fast. It reported 10X revenue growth in the last year and reached $2 million in annual recurring revenue within just nine months of launching publicly. Today, it works with over 400 brands, including big names like Hindustan Unilever, Procter & Gamble, and ITC. Going forward, GobbleCube plans to expand into global markets like the US, China, and Southeast Asia. It will compete with companies like CommerceIQ and NielsenIQ, focusing on faster and more localised insights for brands.